Siliconware Precision Industries
The 10-second takeaway
For the quarter ended March 31 (Q1), Siliconware Precision Industries met expectations on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share stayed the same.
Margins dropped across the board.
Siliconware Precision Industries booked revenue of $512.0 million. The 15 analysts polled by S&P Capital IQ expected a top line of $508.6 million on the same basis. GAAP reported sales were 4.3% higher than the prior-year quarter's $490.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.05. The two earnings estimates compiled by S&P Capital IQ predicted $0.06 per share on the same basis. GAAP EPS of $0.01 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 14.7%, 50 basis points worse than the prior-year quarter. Operating margin was 6.9%, 130 basis points worse than the prior-year quarter. Net margin was 5.9%, 150 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $562.6 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $2.27 billion. The average EPS estimate is $0.37.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 614 members out of 636 rating the stock outperform, and 22 members rating it underperform. Among 134 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 132 give Siliconware Precision Industries a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Siliconware Precision Industries is outperform, with an average price target of $5.57.
New mobile devices are changing the game -- and potential profitability -- at many semiconductor companies. Some will fail, some will tread water, and those in the right devices will shine. Where does Siliconware Precision Industries fit in? Who will lead going forward? Check out our free report: "3 Hidden Winners of the iPhone, iPad, and Android Revolution." Click here for instant access to this free report.
- Add Siliconware Precision Industries to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.